Fisher Asset Management LLC Has $40.07 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Fisher Asset Management LLC reduced its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,559 shares of the bank's stock after selling 114,209 shares during the quarter. Fisher Asset Management LLC owned approximately 0.99% of UMB Financial worth $40,067,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Headlands Technologies LLC acquired a new position in UMB Financial during the 3rd quarter worth $74,000. Mackenzie Financial Corp bought a new stake in shares of UMB Financial during the fourth quarter worth approximately $228,000. High Net Worth Advisory Group LLC acquired a new position in UMB Financial in the fourth quarter valued at approximately $234,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of UMB Financial during the fourth quarter worth $236,000. Finally, Quantbot Technologies LP acquired a new position in UMB Financial in the third quarter valued at about $179,000. 87.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UMBF has been the subject of several research analyst reports. StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Saturday, March 16th. Barclays upgraded UMB Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $91.00 to $95.00 in a report on Tuesday, April 30th. Keefe, Bruyette & Woods boosted their price objective on shares of UMB Financial from $86.00 to $93.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 30th. Piper Sandler raised their target price on shares of UMB Financial from $87.50 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. Finally, Raymond James raised their target price on shares of UMB Financial from $80.00 to $102.00 and gave the company a "strong-buy" rating in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, UMB Financial currently has an average rating of "Moderate Buy" and an average target price of $92.00.

UMB Financial Stock Up 0.8 %

UMB Financial stock traded up $0.69 during midday trading on Friday, reaching $82.56. The stock had a trading volume of 561,263 shares, compared to its average volume of 440,018. The company has a fifty day moving average price of $81.87 and a two-hundred day moving average price of $78.32. The company has a market capitalization of $4.02 billion, a P/E ratio of 10.96 and a beta of 0.84. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. UMB Financial Co. has a 12 month low of $50.68 and a 12 month high of $87.36.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be issued a $0.39 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.89%. UMB Financial's dividend payout ratio is presently 20.72%.

Insider Activity at UMB Financial

In other news, EVP John Pauls sold 1,440 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total value of $114,494.40. Following the transaction, the executive vice president now owns 8,496 shares in the company, valued at $675,516.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP John Pauls sold 1,440 shares of the firm's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $79.51, for a total transaction of $114,494.40. Following the transaction, the executive vice president now directly owns 8,496 shares of the company's stock, valued at $675,516.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 7,920 shares of the company's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $80.37, for a total transaction of $636,530.40. Following the completion of the sale, the chief executive officer now directly owns 1,771,004 shares of the company's stock, valued at $142,335,591.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,079 shares of company stock valued at $2,159,628. 8.85% of the stock is owned by corporate insiders.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.